This paper proposes a model where firms invest in secrecy to limit technological spillovers accruing to their … competitors, in addition to investing in cost-reducing R&D. The main result of the paper is that increases in spillovers increase … secrecy, or a reduction in the cost of R&D, all lead to an increase in secrecy. As for the effect of spillovers on effective …

This paper presents a dynamic model of a competitive R&D and production duopoly subject to knowledge spillovers. Two … planner prefer the R&Dcooperative strategy over the competitive one regardless of the intensity of knowledge spillovers … venture, the firms do not necessary choose the highest degree of cooperation available. …

Prior research shows that technology spillovers across firms increase innovation, productivity, and value. We study how … firms finance their own growth stimulated by technology spillovers from their technological peer firms. We find that greater … technology spillovers lead to higher leverage. This is the result of technology spillovers increasing asset redeployability, as …

We estimate the effect of R&D spillovers on sales realized by products new to the firm (imitation) and new to the … market (innovation). It turns out that spillovers from rivals lead to more imitation, while inputs from customers and …

The article focuses on cooperation of enterprises while performing their innovation activities. Many firms face various …

recommends the improvement of technical competence of engineering education, the exploration of possible cooperation among …